I just received my annual TCP-1 letter from LLNS and a summary of the LLNS Pension Plan. Looked in pretty good shape in 2013. About 35% overfunded (funding target attainment percentage = 134.92%). This was a decrease from 2012 where it was 51% overfunded (funding target attainment percentage = 151.59%). They did note that the 2012 change in the law on how liabilities are calculated using interest rates improved the plan's position. Without the change the funding target attainment percentages would have been 118% (2012) and 105% (2013). 2013 assets = $2,057,866,902 2013 liabilities = $1,525,162,784 vs 2012 assets = $1,844,924,947 2012 liabilities = $1,217,043,150 It was also noted that a slightly different calculation method ("fair market value") designed to show a clearer picture of the plan' status as December 31, 2013 had; Assets = $2,403,098,433 Liabilities = $2,068,984,256 Funding ratio = 116.15% Its a closed plan with 3,781 participants. Of that number, 3,151 wer...
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Nuth'in gonna change. Learn to live with it or leave it. Those are your only choices.
At the new SF 49er stadium the NFL ordered drug testing for one of the union companies because an employee posted a questionable photo on Facebook holding a beer can at the new stadium during construction.
The company had ~70 employees on site.
Six employees failed the alcohol/drug tests and 30 walked off the site refusing to test.
This is a modern union. I see this as a form of welfare that most unions live off the government.
WHy not an open letter to Jerry Brown. He is a union hack. He accepted 80 million in campaign money from unions and now it is payback time for Jerry to give them some nice work and pensions with that new tax increase.
Only California and New York have unions out of control. A majority of states are Right to WOrk where an employee is not forced to be in a union nor pay dues.
What is wrong with an individual choosing to join or not join a union?
Let's make California a Right to Work state.
Then if you choose to join a union, fine but if you do not want to be a drone then you do not have to.
On topic, the blunder of privatizing the labs is well known and often described in the blog.
If the clock can be turned back, disbanding LANS and LLNS, returning lab management directly to UC, with NNSA and congress staff committing virtual hari kari, it would save taxpayers about $300M per year to operate LLNL and LANL and productivity would double, after employees stopped cheering.
February 15, 2013 at 7:49 PM
Yep, real likely. Time to put down the crack pipe.
Like a union guy hating the Lab that provided a living.....hmmmmbite the hand that feeds you...typical union mentality.
If you feel that Chu ignored the labs, remember that Obama chose him for the office. Do you really expect a sea change with the next DOE secretary?